It may have a lot to do with the (perceived) condition of the boat. I am on the east coast and my policy with BoatUS/Geico was $3100 for $130k. I recently dropped it down to $100k and also got a discount because I have car insurance with Geico, and the policy is now $2600.
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Thread: New Owner Insurance Question
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10-09-2019 06:43 PM #11Senior Member
- Join Date
- Jun 2018
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- 1,069
Re: New Owner Insurance Question
Prometheus
1978 53' MY Hull #529
Viera, FL
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10-09-2019 07:15 PM #12
Re: New Owner Insurance Question
I am in Tarpon Springs just North of you and just renewed with Geico. Wallace, Welch and Willingham in St. Pete wrote the policy with Betty Southard as my agent. With a hull value of 88K I am paying just under 3K and that includes part time charters. I do get a discount for my captains license. I think its a couple hundred. I would call Betty especially being so close.
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10-10-2019 08:48 AM #13Registered Member
- Join Date
- May 2019
- Posts
- 34
Re: New Owner Insurance Question
Thank you all for the input. I will be making some calls today and let you know the outcome.
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10-10-2019 02:44 PM #14Senior Member
- Join Date
- Feb 2016
- Posts
- 251
Re: New Owner Insurance Question
Ouch! Regional differences are crazy.
Pacific NW, 76 Yachtfisherman at $305K value: $3811 annual. Twin River Marine Insurance agency, underwriters: U/W Division. IMU Ocean MarineMatt
1976 58' YF, Hull #410
"Time Out West"